An increase in the demand for notebooks raises the quantity of notebooks demanded but not the quantity

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“An increase in the demand for notebooks raises the quantity of notebooks demanded but not the quantity supplied.” Is this statement true or false? Explain.

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:47 AM

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An increase in the demand for notebooks raises the quantity of notebooks demanded but not the quantity

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The statement in general is false As Figure shows the increa...View the full answer

Principles of economics

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